Morgan Stanley sells Piramal Enterprises stake worth Rs 710 cr

New Delhi, Jan 29 (PTI) Morgan Stanley today sold 1.47 per cent stake in Piramal Group's flagship firm Piramal Enterprises for over Rs 710 crore, through an open market transaction.According to the bu

Published: January 29, 2018 8:13 PM IST

By PTI Feeds

Morgan Stanley sells Piramal Enterprises stake worth Rs 710 cr

New Delhi, Jan 29 (PTI) Morgan Stanley today sold 1.47 per cent stake in Piramal Group’s flagship firm Piramal Enterprises for over Rs 710 crore, through an open market transaction.

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According to the bulk deal data available with the BSE, Morgan Stanley Asia (Singapore) Pte disposed of 25.34 lakh shares, amounting to 1.47 per cent stake in the firm.

The shares were offloaded at a price of Rs 2,804 apiece, valuing the transaction at Rs 710.51 crore.

The shares were bought by East Bridge Capital Master Fund 1 Ltd.

Piramal Enterprises’ stock settled for the day on BSE at Rs 2,800.80, up 0.88 per cent from the previous close.

This is published unedited from the PTI feed.

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Published Date: January 29, 2018 8:13 PM IST